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Overnight, the US has announced plans to impose hefty new tariffs on imports of solar panels from four South East Asian countries.
The move follows an anti-dumping investigation, and means crystalline photovoltaic cells sold to the US will incur painful new trade levies.
The US imported $12.9 billion in solar equipment last year from the four countries that would be subject to the new duties, according to BloombergNEF. That represents about 77% of total module imports.
Companies not named in Vietnam face duties of as much as 395.9% with Thailand set at 375.2%. Country-wide rates for Malaysia were posted at 34.4%.
“We’re not too slow and we are reviewing issues, including our tariffs that may be adjusted appropriately.
“We are consulting academics and all parties and doing our best in this situation.
